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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850 | Recordkeeping | $18,590 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,072 | $58,726-55.6% | $92,240-71.7% | $62,293-58.1% |
| Participation rate | 36.6% | 68.3%-31.7pp | 76.5%-39.8pp | 69.5%-32.9pp |
| Annual return | 13.20% | 43.62%-30.4pp | 176.29%-163.1pp | 28.90%-15.7pp |
| Employer contribution / active EE | $708 | $2,392-70.4% | $3,680-80.8% | $2,042-65.3% |
| Participant deferral / active EE | $878 | $2,766-68.3% | $3,897-77.5% | $3,169-72.3% |
| Admin fee / account holder | $221 | $556-60.2% | $5,194-95.7% | $479-53.8% |